WeWork

Last year was a controversial one for WeWork, but it is not planning to scale back its plans in Singapore, said the co-working space operator's Southeast Asia managing director Turochas Fuad in an interview with CNA on Friday (Jan 10). Once valued at almost US$50 billion, WeWork's growth hit a roadblock in 2019 after it filed its prospectus for an IPO in August. Advertisement Potential investors...

Office-sharing startup WeWork on Thursday (Oct 10) said it will open two new locations in Singapore this year, even as its seeks a US$1 billion lifeline from its biggest-backer Softbank Group to progress a major restructuring. The New York-based startup, which had to abandon an initial public offering last week because of investor concerns about how it was valued and its business model, will open new...

With its free coffee, couches and glass partitions, shared workspace startup WeWork has shaken up both office culture and commercial real estate. Brushing aside questions about its business model, the New York outfit shows no signs of slowing down and is now preparing for its Wall Street debut to raise fresh capital. As recently as this month, WeWork was seeking to tap credit markets for US$4 billion...

Co-working space provider WeWork is set to take over the lease of the 21-storey HSBC building in Collyer Quay, marking an expansion by the US firm in Asia. WeWork, backed by Japan's SoftBank Group, will lease the building from CapitaLand Commercial Trust (CCT), the Singaporean office landlord said in a statement on Wednesday (Jul 17). The tower, 21 Collyer Quay, will be WeWork's biggest property in...

WeWork is augmenting its presence in Singapore with its new location at 380 Jalan Besar, the US-based co-working space provider announced in a press statement on Tuesday. The new space, which opened its doors on March 1, is housed in ARC 380, a mixed-purpose commercial development, and marks the firm's first location with additional amenities such as a sky terrace with a swimming pool, a gym and an open...

Co-working giant WeWork has announced the official launch of three new offices in Suntec City Tower 5, City House and 8 Cross Street in Singapore, bringing its footprint here to over nine locations with 4,000 members. This comes amid the US company's aggressive expansion in South-east Asia. New locations are slated to open in Bangkok, Ho Chi Minh City, Jakarta, Kuala Lumpur and Manila by the end of the...

Last September, WeWork made a show of trying to poach customers from rival co-working companies during the slower months of late summer and early autumn. Employees of the co-working giant cold-called competitors' tenants, set up games and couches outside of other shared-office spaces and offered up to a year's free rent if they switched over. This year, WeWork is enlisting another party in the...